Trade view /
17 July 2017 at 12:03 GMT
This is the last and final update on the trade initiated on May 30
Initial trade: Buy +1 BMW 100 21 JUL 2017 84/88 Call Spread at €1.81/contract.
Following stronger equity markets last week, shares of BMW got a lift. At the time of writing, the underlying price is at €84.05 per share. We will use the recent strength to exit the position.
To do so you need to sell to close the 21 July 84 at €0.80 and buy to close 88 call at €0.06 for a net credit of €0.74. This helps offset the maximum loss of €1.81 at expiration.
— Edited by Clemens Bomsdorf
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